Tesla picks up the pace | RetailDetail

Tesla picks up the pace

Tesla picks up the pace

Tesla's sales are picking up steam: for its first quarter, a record-breaking 10,030 electric cars were sold - a 55 % increase compared to the year before. The company considers this a sign to unveil even more ambitious plans... starting with Formula 1!

55 % year-on-year growth

The 10,030 Tesla cars that were sold in the first quarter trumped the company's own forecast (9,500) and represent a 55 % year-on-year growth for its first quarter. Still, if CEO Elon Musk intends to reach his own 55,000 car forecast for the full year, the company will have to turn it up another notch. Lower fossil fuel prices are not exactly helping the company reach its target, as that does not encourage people to switch to an electric car.


To do just that, Tesla has immediately upgraded its Model S. Its entry model will get a 70 kWh battery (instead of 60 kWh), which should increase its range 15 %. That should help increase sales while people wait for the SUV model, called Model X, in the second half of the year. 


The flamboyant CEO has also announced support from the Formula 1 world as he has contracted Kenny Handkammer. "He will add Formula 1 techniques to revolutionize regular car handling", Musk said on Twitter. Handkammer, who has 25 years of pit-stop experience, helped Michael Schumacher and Sebastian Vettel to become world champion several times, and managed to break the absolute pit-stop record in 2013 with his Red Bull Racing team: 1.9 seconds. 

Questions or comments? Please feel free to contact the editors

Alibaba will sell cars from a vending machine


Buying a car should be as easy as buying a soda, according to Alibaba CEO Jack Ma. That is why the Chinese retailer has plans to sell cars from enormous automated machines.

“Gasoline and diesel a thing of the past in 2035”


A new ING report says that no one will manufacture any diesel or gasoline-powered cars in 2035.

Volvo will ban traditional engines in 2019


From 2019 onward, Swedish car brand Volvo will only manufacture cars with a hybrid or electric engine, eliminating the traditional models entirely.

Order at Starbucks from a Ford car


Car manufacturer Ford revealed that its cars with SYNC3 voice technology can place orders at coffee chain Starbucks directly.

Dieselgate: Renault in trouble, search warrants for Audi and VW


The storm surrounding the dieselgate scandal may have passed, there is still an ongoing investigation: in Germany, investigators went to several Audi locations and to its parent company, Volkswagen. In France, a leaked report spells bad news for Renault.

Peugeot buys Opel from General Motors


French car company PSA Peugeot Citroën has paid 2.2 billion euro to acquire German car brand Opel from its current owner, American General Motors. Thanks to the deal, PSA Peugeot Citroën will become Europe's second largest car manufacturer.